Union Bank of India has informed the Exchange about disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015.
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Union Bank of India has clarified media reports about variation in deposits. The bank states the news article was based on an unverified letter containing factual inaccuracies. The bank provided deposit data showing total deposits grew from Rs 12,22,856 crore (Dec 2025) to Rs 13,06,891 crore (March 2026), with CASA deposits rising from Rs 4,15,094 crore to Rs 4,60,077 crore during the same period. Average deposits for April 2026 remain above Q4 FY26 levels. The bank confirms its financial statements have unmodified audit reports and the media report has no material impact on its operations.
This is a reassurance filing addressing investor concerns about deposit trends. The bank aims to prevent any negative market reaction from the speculative media report by highlighting strong deposit growth and audited financial credibility.